Thursday 28 Mar 2024
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KUALA LUMPUR: Pos Malaysia Bhd (fundamental score: 2.5; valuation score: 0.9) is looking to increase its market share in the courier division with E-Poslaju, its online courier service application.

Group chief executive officer Datuk Iskandar Mizal Mahmood said the national courier’s current market share in courier services is about 27.6% to 30%.

For now, however, Pos Malaysia has no specific growth target numbers as it just started doing focus group studies on the new online service.

“Once we get the response from the focus group, which includes customers of Pos Malaysia, we will roll out E-Poslaju,” he told reporters at the launch of the group’s new corporate identity by Communications and Multimedia Minister Datuk Seri Ahmad Shabery Cheek yesterday.

Iskandar said the new service will benefit businesses, especially small to medium enterprises, as it eliminates the need for traditional form filling.

Pos Malaysia’s courier services made up about 30% of its revenue for the first half of its financial year ending March 31, 2015 (1HFY15). The mail services segment was its main revenue contributor, at 45%.

For 1HFY15, the national courier reported revenue of RM740.46 million, which was 10% higher than 1HFY14, but its net profit dropped as much as 27.2% to RM61.1 million in 1HFY15 compared with RM83.94 million in the same period a year ago mainly due to higher operating expenses such as staff costs and transport charges.

Earlier, Pos Malaysia said its new logo embodies the spirit of a modern, forward-thinking organisation.

“The ‘fast forward’ arrow in our new logo reinforces the brand’s progressive and innovative qualities, and denotes its digital engagement in the 21st century,” said Iskandar.

Pos Malaysia’s shares closed down 7 sen to RM4.40 yesterday, giving it a market capitalisation of RM2.39 billion.

 

The Edge Research’s fundamental score reflects a company’s profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations. Go to www.theedgemarkets.com for more details on a company’s financial dashboard.

This article first appeared in The Edge Financial Daily, on January 16, 2015.

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